The real estate crash has taken the market’s biggest players to the dumps. Freddie Mac is still very much in the red despite opinion that the housing market is recovering. Reports now reveal that the beleaguered company is asking the government for an additional $6.1 billion in government aid.

Freddie Mac reported of a $9.9 billion quarterly loss. This is yet another round of bailout begging from the company. It has already atpped $51.7 billion of the $200 billion lifeline that the Treasury has for them. Just last quarter, the company also asked for a $30.8 billion

Including the most recent request, Freddie Mac (FRE, Fortune 500) has drawn $51.7 billion of its $200 billion lifeline from the Treasury Department. Last quarter, when it reported a loss of $23.9 billion, the company asked the government for $30.8 billion.

Quarterly results at the troubled mortgage finance company, which was taken over by the federal government in September, were dragged down by rising credit losses and writedowns on the deteriorating value of its mortgage-backed securities.

“This was another difficult quarter for Freddie Mac, as declining home prices and the weak economy continued to take a toll on our results,” said Freddie Mac Interim Chief Executive John Koskinen. “While we expect coming quarters to be difficult, we are seeing preliminary signs of slowing in home price declines as low mortgage rates and high affordability take hold, and conforming mortgage credit to prime borrowers continues to be widely available.”

Source: CNN Money

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